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Today Corporation Reports the Following Data: Depreciation Expense for the Year

Question 30

Multiple Choice

Today Corporation reports the following data: Today Corporation reports the following data: Depreciation expense for the year ending December 31,2012 is $27.The company sold a fixed asset for $10 cash on December 1,2012.The cost of the fixed asset sold was $20 and the accumulated depreciation on the fixed asset sold was $10.What is the net cash flow from investing activities for the year ending December 31,2012? A) $241 cash outflow B) $251 cash outflow C) $261 cash outflow D) $271 cash outflow Depreciation expense for the year ending December 31,2012 is $27.The company sold a fixed asset for $10 cash on December 1,2012.The cost of the fixed asset sold was $20 and the accumulated depreciation on the fixed asset sold was $10.What is the net cash flow from investing activities for the year ending December 31,2012?


A) $241 cash outflow
B) $251 cash outflow
C) $261 cash outflow
D) $271 cash outflow

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